9. Measuring Risk
The chapter explores the concept of risk, questioning whether it can be measured and distinguished between objective and subjective risk. It emphasizes the importance of scientific measurement through statistical analysis while addressing the challenges faced in defining perceived risks. The discussion concludes by posing significant questions regarding the implications of risk evaluation on safety and preparedness.
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Sections
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What we have learnt
- Risk can be categorized as objective or subjective.
- Scientific methods exist to quantitatively measure risk using statistical data.
- There is an ongoing challenge in differentiating between perceived risks and actual risks.
Key Concepts
- -- Objective Risk
- Risk that is measurable and can be quantified based on facts and statistical data.
- -- Subjective Risk
- Risk perceived individually and may not have a scientific basis; often influenced by personal beliefs or cultural factors.
- -- Statistical Analysis
- A mathematical method used to ascertain the probability and impact of risks based on collected data.
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